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president obama won reelection . he holds the edge in the discussion right now . speaker of the house john boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from
right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is that any more or less damaging to the economy? >> it's always bad to raise taxes. the economy common-sense is to kee
they knew and they could trust had the right priority from president obama to historic numbers of democratic women. and out of the problems we asked, and we asked them about everything, i'm sure they were thrilled to to do one more poll after the leather. the candidates they voted against, they were really concerned that those candidates were going to take us back to the failed poll sthoifs past. like, they got it. they don't want to roll the clocks back. they want to move forward. and more than being wrong on any specific issue of debt or health care or social issues or taxes, women recognize the total madmen g.o.p. agenda is what they did not want and they reacted that way. i say this growth will be sustainable in the years to come. and we have the right agenda and need to keep building and talking to our women, our fellow sisters across the country and the men who stand with us. because they know that together we can make a great, great difference. and with that, i think about just some of the incredible women who have done so much and we do have a couple of special guests here today and
a little bit to the right, sometimes a little bit to the left. but they are coming in as obama democrats into the senate and he's going to have some more forceful people in places like wisconsin, where you have a tammy baldwin replacing the much older -- her core is pretty liberal, but not a champion for liberal causes. maize hirono replacing daniel akaka in hawaii. warren replacing scott brown, what a change from a moderate republican to a very liberal, consumer-focused democrat. and murphy in connecticut replacing joe lieberman. very moderate guy, often voted with republicans. chris murphy, not so much. >> i was up with dukakis and he's working with a cause i help, helping people get legal protection for medical situations. and he was killed for being a liberal. i don't think he can run those kind of campaigns against democrats and say, oh, he's a liberal, that's it, end of argument, you know. >> isn't that part of it, chris? they were apologizing for it all the time. that doesn't really get you anywhere. i think the important thing, when you talk about what's happening on the hill is
of the problem. for him suggesting how we fix our fiscal problems is not going to resinate with obama at this point. >> no, but he tries to look like he's rising above. >> but lloyd is right, he's a smart guy, knows how to run a business, knows what the private sector and growth could help all of our fiscal problems and he's right about this. but i don't know how far he gets with it because he's lloyd blankfein of goldman sachs. but becky's got it here. you're rising above. obama seeking $1.6 trillion, you say that's his opening bid. >> because this is double when talks had broken off. $800 million in tax -- the revenue increases. we want $4 trillion -- >> so it was $3.2 trillion to $800 billion, that was 4 to 1. his opening bid is 1 1/2 to 1. >> the final negotiation should get somewhere between $1 trillion to 1.2 trillion in tax increases, revenue increases. >> $2.8 trillion in spending cuts. >> all right. if you -- if you -- >> you can't look at me anymore. >> i can't look at you. because i'm wondering it's on his right year, what does that mean -- i don't know. i could never keep
. >> all right. also in "newsweek," the question about whether president obama's the lucky general or master of the game and explain to us the focus of the story. >> sort of moving from the unlucky general -- >> yes, who knew that generals wither going to be such an issue this week. really examines that charge in a sense that obama's always been about luck. he even became a senator in illinois out of luck because his opponent was mad in scandal. there have been many times when it seems as if obama has been saved by the gaunt. he was in a bad trajectory after the debate and hurricane sandy happened and suddenly he was thrust into a very presidential spotlight that made him look better. but what concludes at the end, yes, he has had elements of luck in his career, but this is really about opportunity meeting preparation. and you have to make your luck, you know. willing to be lucky. obama is very, very brilliant, i think, at making his own luck by preparation and as you saw that with osama bin laden, that was long, long in the preparation. long in the preparation. and as we saw in th
, driven in part by a concern about a second term for president obama and that it could mean new restrictions on the rights of gun owners. trace gallagher is looking looko this phenomenon. hello, trace. >> reporter: hey, shannon. the most reliable way to track gun sales is by looking at the number of background checks being conducted. when president obama took office, the number of background checks went up by 1.5 million, they have steadily gone up since then. 2009, 11.4 million background checks, 11.5 in 2010. then look at the jump, 13 million background checks in 2011, and so far this year 14.8 million background checks and a lot of gun owners say in the past four or fife days -- five days there has been a tremendous spike. now, experts say the increase is because of concerns about tighter regulation on semiautomatic rifles, especially firearms that might be classified as assault rifles. gun enthusiasts point to what the president said during the debates. listen here. >> but i also share your belief that weapons that were designed for soldiers in war theaters don't belong on o
, wisdom and colonel for president obama that he will do what is right in your eyes for your people. i close by asking, god, please, god, please, god, please, continue to bless america, and i yield back. the speaker pro tempore: the chair recognizes the gentleman from puerto rico, mr. pierluisi. mr. pierluisi: mr. speaker, puerto rico recently held -- i want to convey to the american public, describe their significance and outline the next steps i will take. as background, puerto rico has been a u.s. territory since 1898. the island is home to 3.7 million american citizens who cannot vote for president, are not represented in the senate, and elect a nonvoting member to the house. federal law is supreme in puerto rico but its residents are treated unequally under many federal programs. voters were first asked whether they want puerto rico to remain a territory. over 1.7 million people answered. which is about 75% of registered voters on the island. 54% said they did not want the current status to continue while 46% said they did. voters were then asked to express their preference among
. >> all right. but let me go back to one other thing. are you saying -- you've been in the foreign service. you've been an ambassador. you're saying that president obama will really not take a side here? he will not take a position here? i have not heard him on the subject of hamas. he has criticized them. but i haven't heard him really bear down, it's a terrorist thug group. and do you think that he doesn't get the egyptians that are playing footsie with hamas? the egyptian prime minister, the number two guy was in gaza today with the prime minister of hamas, or whatever he's called. do you think obama doesn't get that? you really think he's going to try to play both sides against the middle? >> no, i -- look, he does get it. he talked to the israeli prime minister. i have confidence that the americans understand that israel cannot tolerate these types of missile attacks. and for all intents and purposes i suspect that the administration gave the israelis a green light. but of course they're concerned, as the israelis are, over what may happen if they in effect cause the egyptians to act
that you're right. in past elections, george bush did very well here. but starting with president obama, it's been trending more and more democratic. and i think a lot of that is what's happening in the i-4 corridor. pinellas county, st. petersburg, my home, hillsboro county here in tampa, both went for the president. but more significantly, orange and osceola counties, you had a great turnout of new puerto r o ricans that made a huge difference in this election, with the immigration issue, of course. >> one thing we need to discuss is the situation in florida. it was an 11-page ballot, to clarify for everybody. long lines that we saw there because people had a lot to consider when going to their polling place. but you were very critical of governor scott there because he refused to extend early voting from eight days to the usual 14. during your time as governor, you did extend early voting. how do you think that florida can use hindsight as 20/20? it seems there is always in modern-day publics and modern-day elections, there's a sticking point with the state of florida. >> yeah. this rea
on their parent's health care plans until they're 26. if i recall right, governor romney said, hey, that was a part of the affordable care act, a part of obama care that he was going to try to keep. so to go of a the president's vote on the basis that we protected more young people from, you know, catastrophic health care costs, that we wanted to make sure people have access to birth control, and those kind of things, i think is going to strike the american people as just kind of very off kilter, and clearly some of the governor, republican governors and others recognize that it's another romney mistake. >> congressman chris van hollen with us this morning. nice to see you. appreciate you, as always. >>> christine's minding your business this morning. news on the stock market and bad news out of europe. >> yeah, lots going on. first let's talk about the markets, you guys. stock futures are up after a really tough day yesterday. since election day, the dow is down nearly 700 points since the election. this morning we learned that the euro zone has fallen back into recession. that's
are purely a pastor. you do not do much. it is very hard right now. very hard to exist in this environment. now that you have four more years of president obama, -- melissa: smaller is better. caesar did you will not get a relaxation of dodd-frank. higher taxes, smaller paychecks. get used to it. lori: there are renewed worries about what is coming around the next quarter. melissa: just how negative is that negative guidance? we have what you need to know. ♪ all eyes, right here. this is our year. i thought it was last year... turns out i was wrong. none of us would walk in here and settle. that's how we are! i forgot what i was goi to say. patrick, i want 100% commitment! because i care man, ok? who are we!? 49ers! 49ers! 49ers! yeah! [ all cheering ] what the heck is going on in here? sorry coach, i just got a little carried away. alright, i think we're good. [ morgan ] for a chance to be in a locker room on game day and more... join visa nfl fan offers and make your season epic. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no ma
on that coming up. even when they say it's not, it is always about money. melissa: all right. first the day's market headlines. a bad day for stocks just keeps getting worse. a news conference by president obama only amplified fears about the fiscal cliff and down to a 4-month low down 185 points. banks of america led the slide, closing down more than 3 1/2%. one bright spot, cisco shares surged 5% on an earnings beat. >>> now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be raised as part of the fiscal cliff deal. after meeting with business leaders today and union leaders yesterday, the report president is reportedly taking a hard-line with the gop, pushing for a $1.6 trillion tax hike on corporations and the wealthy over the next 10 years. here it comes. joining me is union leader. thanks so much for joining us. you're the national, sorry, the president of the national education association. you attended the president's meeting with labor leaders at the white house. thanks for joining us. what was the tone of that
of benghazi leads right to the white house. right to the oval office. and president obama has made some statements already that are so contradictory of each other there is no way in the world he could explain the contradiction of his comments. talk about a transparent administration. yeah, they are transparent all right of you can see right through them. and they are as corrupt as any i have seen. i think this is going to lead to impeachment. i don't think that's an overstatement. i think it will lead right to impeach. and i think he will be convicted of it. host: it's almost laughable to see is senator mccain comment about susan rice's qualifications after picking sara palin as his vice president in 2008. new jersey on our independent line. good morning. caller: i'm not happy with senator mccain. senator mccain lost the election. he's still trying to get even for the loss of the election. he's a great supporter of us -- our country attacking iran. how many soldiers and how many people in this country will get killed because of the disaster that would be if we got involved in iran? he s
senator and congressman tom price and democratic senator ken conrad. plus president obama looks ahead to a second term while republicans look to regroup. we will ask our sunday panel about what both sides need to do moving forward all right now on "fox news sunday." >> hello again from fox news in washington on veteran's day when we honor the military for their service to our nation. sadly we begin with a dramatic fall from bragrace of one of th most respected military men of this generation retired four star general and cia director general petraeus stepped down after admitting to an extra marital affair. to discuss that and the deadly terror attack in libya is the chairman of the senate committee diane finestein senator. welcome to fox news sunday. in a statement you said you understand petraeus's decision to resign but you wish president obama had not accepted that. after more revelations this weekend do you still feel that way? >> i talked to day petraeus twice on friday. he said to me, i have done an egregiously dishonorable thing and i need now to do the honorable thing. when i
, the biggest issue for the markets right now seems to be the uncertainty surrounding the fiscal cliff. yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say there's strong recognition of the significant of getting a deal for the ben fft t benefit of the american public. >> this is all about trying to make american business more competitive, trying to have a fair balanced approach to tax refo reform. the president was clear he wants a balanced approach and we were clear we are behind him. >> top the president and top member of congress will be meeting. cnbc is urging leaders to rise above partisan rhetoric to try to find a solution and in that spirit, we have
to get something done. you're absolutely right, tamron. they know they can't have the same sort of disastrous debacle happen that we saw during the debt ceiling fight of 2011. i think that they know they have to work together. president obama feeling emboldened about winning re-election. he's demanding that the bush era tax cuts expire for the wealthiest americans. that's something that republicans have typically opposed, but today house speaker john boehner seemed to suggest he was open to wiggle room on the issue of taxes or fresh revenues. on the other hand, democrats are willing to compromise on sacred cows, entitlement reform. let's hear more of what the congressional leaders had to say after the meeting. take a listen. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should share some milestones of success so that confidence can build. >> we have the cornerstones of being able to work something out. we're both going to give up some of the things that we know are a problem. >> we're prepared to put revenue on th
obama is going to look at his legacy and looking at markets. he has a terrific opportunity right here and right now to embrace small business, get the markets growing again and really do a lot for his legacy in the long run. rick: simon, americans do seem to want to see a certain level of cooperation between the parties. you know, but this is a president who has not really shown a willingness to reach across the aisle. now in his second term does that change? >> well, i don't agree with the first statement but i think that he has made it clear from his statements of the last few days that he expects to work with john boehner and republicans and mitch mcconnell in the senate to try to, you know, tackle a few big things. i think one of the things my, the other guest said, which is just fallacious and wrong and shouldn't be repeated is that the idea that the raising rates on people over $250,000 is going to hit a majority of small business owners. >> simon, y a small business. you're a policy wonk. >> you keep saying it doesn't make it true. 97% of small business owners will be exempt fr
of washington and elsewhere, right? they are being felt in afghanistan, president obama losing his cia director and wondering about general john allen. we have the author of "little america, the war within the war for afghanistan." nice to have you back on the program. you say you've just heard it from general allen's camp, what are some of the news that you can report about general allen, and all of this news about him potentially being involved in a scandal himself? >> yeah, jenna, late breaking developments here. we heard overnight, of course, that the pentagon was saying that there were 20 to 30,000 pages of documents of emails supposedly exchanged between general john allen, the top commander in afghanistan and jill kelley, this woman at the heart of the petraeus-broadwell scandal. a senior u.s. official who is close to general allen has just told me that in fact it wasn't 20 to 30,000 separate emails, there were hundreds of messages, but really not the big number that is being bandied out there and said that most of these were similarly innocuous messages, in many cases messages sent by m
of medicare to extended for another decade and provide benefits immediately for seniors right now. republicans took that same money and gave tax cuts to the rich. that was a message that outside money spent a fortune to misrepresent. that is why the election of barack obama was so very important. to protect medicare -- even though we could not get the majority, we knew when he won that many of the issues, affordable care, medicare, were protected. we had a different view of what happened that day. we saw some of the members that we elective, the intellect we brought in here. it is not about quantity for us so much as the policy of leadership, the quality of our members, the ideas that they had, the talent that they bring, the commitment and dedication to a better future. we may not have the majority, we may not have the gavel, but we have the unity. we have the unity to go fourth, create jobs, build our economy, simple as abc. make it in america, build the infrastructure of america, and tax cuts for the middle-class. tax cuts for the middle-class. we can do that, prevent us from going over the
obama at his news conference when he felt like republicans senators were beating up unnecessarily on susan rice? >> i think the republican senators were right in raising the question of why did soup rice go on five stations, five or six days after that -- and i don't think they were beating up on susan rice. in a way, i don't think it's all about susan rice. i think it's actually what happened. who made the memo changes, what did the white house know, when did they know it, what were they told and why did the president give a speech at the u.n. talking about the video when it was really a terrorist attack by al-qaeda and other groups like that? >> ultimately you think you'll get the committee? >> i think the american people will demand it. >> great to have you on board. thank you for joining us. >> thank you. >> stay with us. fair and balanced next in the second half hour of our discussion on this subject, the congressman, adam schiff, views on the petraeus testimony will also be explained here. stay with us [ male announcer ] this is anna, her long day teaching the perfect swing
to an eagerness or willingness to engage or become involved militarily in that conflict. >> all right, ben. in jerusalem this morning. thanks. >>> coming up later, soledad will be speaking to israel's deputy foreign minister. that's in our 7:00 hour. >>> here at home, president obama will have the four top leaders of congress over to the white house today to begin talks on avoiding the fiscal cliff, which could plunge the u.s. economy back into a recession. both side say there is room for compromise, but at the same time, it appears democrats and republicans may have dug in on their long-held positions concerning tax hikes and spending cuts. jill doherty is in our washington bureau. good morning to you. >> good morning. >> jill, both sides have said they are optimistic about a deal here. they're also not budging on some key issues. >> yeah, i mean, there is some room around the edges, but essentially, and this is the the opening gambit, of course. they're both talking about taxes. the president saying -- and revenue. the president saying that he wants more revenue from the wealthiest ameri
and congressman tom price. democratic senator kent conrad and congressman chris van hollen. plus, president obama looks ahead to a second-term while republicans look to regroup. we'll ask our sunday panel about what both sides need to do moving forward. all right now. on "fox news sunday." and hello again from fox news in washington on veterans day. when we honor the military for their service to our nation. we begin today with a dramatic fall from grace of one of the most respected military men of this generation. c.i.a. director and retired four-star general david petraeus stepped down friday after admitting to an extramarital affair. joining us now to discuss that and upcoming hearings on the deadlyer thor attack in libya is the chairman of the senate intelligence committee, dianne feinstein. welcome back to "fox news sunday." >> thank you, chris. >> chris: in a statement you said you understand petraeus' decision to resign but you wish president obama had not accepted that. after more revelations this weekend, do you still feel that way? >> i talked to dave petraeus twice on friday. he said t
democrat in the senate. why weren't you in his offices getting arrested? >> i think that first obama term was like a dress rehearsal for progressives. we got some stuff right but at the end of the day it was like we got him elected and we thought he would govern and we'd work in unison and this time around we've got to inject way more more post oosh election accountability. so yeah senator durbin is a great ally of ours but he's been part of this gang of six or gang of eight depending on the story, and you know, really trending in the wrong direction. >> a bipartisan group of senators in the house who had been working to the to try to hammer out some kind of deal they could take to the full senate. >> they seem to be backing away from the senate. they've got a shot at doing that. i think we need to in this second chance, we're past the dress rehearsal, is actually get out on the streets, put tension, two of the big things that president obama did that he didn't plan on doing, would block the keystone pipeline, added tension in the relationship and the dream act work. and those were both t
on "the re-election of president obama" and the impact this could have on the u.s. coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top, politic and policy because those are the big drivers and movers of stocks over the last five years. the thing i don't like about downgrading cat, there have been some decent numbers out of china. if we think we're going to come to some agreement on fiscal cliff, the broad market with rally. cat would become a proxy. >> so disagree with jpmorgan there. brave man. "limited upside brings us back to a hold on valuation ground." the stock has had a modest jump of 8% over the past six months. >> i'm long j&j and am going to hold it like they say. that 3.51% yield is nice particularly when they're -- when the government's compressing yields along the treasury curve and the percept
that were -- the folks in washington knew what the right way was to try to whip national elections, they couldn't quite do it because they were -- basically, they succumbed to their base the democratic party started with bill clint and obama successfully able to carry this over, never able to allow the base of the democratic party, special interest groups, to overtake the national message, the republican party -- >> the serious governing philosophy thatter is thfd country well but too many swing voters in the country, you hear the word conservative now, they think of looms and wackos. we gave pup five u.s. senate seats the last two election cycles by people who were just out there, completely extreme, manifestly up prepared for the offices that they are running for. our elected leaders scared to death of the conservative entertainment complex, the shrill and divisive voices that are bombastic and broadcasting out into the homes and this country is rejecting the social extremism of the republican party on issue after issue. if you look at the four states that legalized gay marriage,
right after the house gavels out. >> c-span invites middle and high school students to send a message to the president through a short video. let president obama know what's the most important issue he should consider in 2013 for a chance to win the grand prize of $5,000. c-span's student cam video competition is open to students grades 6-12, and the deadline is january 18, 2013. go online to studentcam.org. >> what i like about c pan's coverage is -- c-span's coverage is it's in depth. often times you'll cover an event from start to finish, and i can get the information that i need. i like to watch "the communicators," i like to watch congressional hearings. the events that you do at the national press club where there are policy leaders speaking, i find those useful. >> howard woolley watches c-span on verizon. c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. [inaudible conversations] >> new york senator chuck schumer spoke last week about what's called the fiscal cliff and other issues facing congress. this is abo
that now. >> if the grand bargain that president obama and speaker boehner were talking about two years ago were put back on the table right now, with the house republican conference that speaker boehner? the $800 billion. >> through growth, deductions, loopholes, so forth. i have not what this vote. >> she may have to. >> tell me about that. the house republicans are poised to move in that direction. is the speaker hunting out a head of the pack? i do not think so. he is leading the house in a way. he is reflecting what a majority of house republicans are. >> for anyone suggest that speaker boehner the o's and without full support of the republicans would be wrong to attack that would be wrong. what is the speaker doing today? he went out after the president's victory on tuesday. he went to the cameras, offered sincere congratulations, and laid out a pathway for a way for us to mat get out of this. it was a good way. there is some language about compromise and common ground. we have to figure out a way to avoid this fiscal cliff and all the trauma that would ensue if we go over it. the spe
into a recession. on friday, president obama and congressional leaders sat down to start negotiations about how to avoid that cliff and came out sounding optimistic. >> and i believe that we can do this and avert the fiscal cliff that is right in front of us today. >> we've already been through it before. so on friday i went to the capitol to ask house leader nancy pelosi how realistic it is that we'll get a deal done. leader pelosi, you all came out of the meeting with the president sounding pretty optimistic, pretty confident. but you've been there before. you said in july of 2011, called your talks with the gop about a grand bargain constructive saying you were optimistic that we can find a place where we can come together. obviously those talks failed, so what's changed, and why do you believe this optimism after this meeting? >> that was then. this is now. the urgency is so much greater, so i'm optimistic because i think it's very clear the american people expect and deserve and want to see us get this job done. >> did anything that speaker boehner said make you optimistic? was it just tha
conversations. total game changer if hillary clinton sort of sticks to it and says i'm not running, right? >> i'm sorry, chris. say that again. >> a total game changer if hillary clinton decides definitely not to run. >> yeah, i think, as i said i think democrats are excited about what president obama has done through this election cycle and excited about the possibilities of solving problems. i don't think they're focused on the campaign in 2016. >> oh, come on, these conversations are not being had? >> all those people you mention, vice president biden was my seat made in the senate, a fabulous leader, wonderful, works wonderfully with the senate. does a tremendous job as vice president. we have a lot of great candidates on the democratic side that are possible, but i don't think they'll want to start talking about it. i think they'll want to start working hard on the problems we see that we can solve and chip says, the people will see what this next four years produces and i think democrats want to make sure that they're working in a bipartisan way to find the solutions and make these next f
are suggesting to members of congress that mr. obama is willing to let the deadline pass, to let things go over the cliff if he can't get a deal that he wants. it's a strong negotiating tool. charlie, norah, gayle? >> that's right, bill plante, thank you. >>> a powerful explosion devastated a neighborhood in indianapolis over the weekend. two homes were left in pieces and a fire damaged dozens more. fire officials are trying to figure out the cause of the blast. >> reporter: two people were killed by the massive blast that was heard for miles and left this indianapolis neighborhood littered with debris. >> my first thought is a bomb. >> reporter: in every direction, walls crumbled and windows shattered. nearly three dozen homes were damaged or destroyed. >> there are homes that will have to be torn down. and there are homes that can be inhabited within the next day or so, but we're examining each and every one of them. >> reporter: the fiery explosion happened around 11:00 p.m. saturday causing some 200 residents to flee into the night. seven were injured. >> the house probably felt like it mov
obama and speaker boehner were talking about two years ago, were put back on the table right now, with the house up in conference at speaker boehner allowing him to sign the deal? >> so in other words, 800 billion, revenue increases through growth and through deductions and so forth, i need to loopholes and so forth, i'm not with this vote on his face because you might have to spend tell me about that, brother. i got that figured out. i think house republicans are poised to clean up in that direction. so in other words, are you asking me, is the speaker had out ahead of the pack? i don't think so. i think he's leading the house anyway, and i think he's reflecting where majority of house republicans are? >> for anyone who's just speaker boehner goes into those talks with out full throated support of house republicans conference, that would be wrung? >> that would be wrong. .. the agenda that dave as the committee has laid out over the past two years and let's focus on making the u.s. tax code the most competitive tax jurisdiction of the world. >> let me ask you some of the specifi
this extra access. snoof which no one else had had. >> exactly. >> okay. >> president obama told in a meeting this week to avert the fiscal cliff. tax increase and spending cuts will kick in 50 days from now. bill plante joins us with the latest. >> reporter: that's right the president meets with business, labor, he'll talk to congressional leaders on friday and take his case to the country after thanksgiving probably. over the weekend democrats and republicans both suggested that maybe they have the outline of a deal. democrats seem willing to cut some entitlement spending, republicans after losing the white house and losing members of both houses of congress seem to be expressing a more conciliatory tone about revenue increases. but the president made it clear on friday that after campaigning on the issue he believes that he now has a mandate to demand that the rich pay higher taxes or at least a higher share and speaker boehner told the house republicans that after the election the mandate from the american people is to work together even if it means additional revenue. republicans want to
views. paul written into say the cliff issue will go right to the wire and a fudge will be agreed. you can imagine what would happen in any other country which refused to raise taxes with such a difference set. and don says obama will get plenty of advice about how to address it just as in his first term, he will ignore all of it. so a couple different opinions. e-mail us worldwide@cnbc.com, @cnbcwex, @ rosswestgate. it's the start of a new trading week. u.s. futures pointing to a moderately up start. 23 above fair value for the dow, nasdaq 9, and just over 2 points above fair value for the s&p 500. global 300 is flat. ex-take dabs and ftse with slim gains. >>> still to come, greece has approved its latest austerity budget, so will finance ministers agree on the next tranche? perhaps not came. another business win. i'll set up the video conference to iron out the details. this cdw cloud collaboration powered by cisco is pretty amazing. we interact with our offices, anywhere, anytime. charles, you're one of the greatest losers of all time. thank you. [ male announcer ] how could switchg
this morning that he did on friday afternoon. i'll ask it to you right now. >> absolutely, i am. here's why. two reasons. they're the two men that head their respective parties. president obama doesn't have another election to undergo. and so he's removed from the weight of addressing entitlement reform which we must do. so the very far left can't pull him back from doing that. and then you have mr. boehner that i think we democrats should be thankful is head of the house of representatives who almost came to a grand bargain two summers ago with the president. now he's heading a party that's a bit chastised by not appearing modern and enough alike in this last election by the electorate. i think if these two men, particularly if they take the template of the bowles/simpson commission of having both revenues and entitlement reform and spending cuts, can come to a bargain to do that. not to do it, you know as well as i do, carl. that means by mid-march when that debt ceiling is hit, because we can't move the money anymore in treasury, we will have a broken american dream. they've got to do th
downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's 39.6%. i do think 250 is the line. >> i don't think we're 35% and trying to find deductions anymore. >> the house was 55% stayed republican. so they have the same claim that their constituents elected them to hold the line on this. i saw comments from dave camp that this game that he keeps playing with, i've got the pen, i'm ready to sign it, it's just delaying. it's a nonstarter according to the people that stopped it the last intwo years. >> today is the first day that they'll all be meeting at the white house. and today is the first day that we don't know what's going to happen. >> the issues are so big in terms of entitlements. the fiscal cliff is one thin, but the issues are so -- the f
that was significant. there is a possibility he could do that now. >> if the grand bargain that president obama and speaker boehner were talking about two years ago were put back on the table right now, with the house republican conference that speaker boehner? the $800 billion. >> through growth, deductions, loopholes, so forth. i have not what this vote. >> she may have to. >> tell me about that. the house republicans are poised to move in that direction. is the speaker hunting out a head of the pack? i do not think so. he is leading the house in a way. he is reflecting what a majority of house republicans are. >> what is the speaker doing today? he went out after the president's victory on tuesday. he went to the cameras, offered sincere congratulations, and laid out a pathway for a way for us to get out of this. it was a good way. there is some language about compromise and common ground. we have to figure out a way to avoid this fiscal cliff and all the drama that would ensue if we go over it. the speaker laid out a pathway and said to the president -- lead us on this pathway. we are telli
what happened. i think that what we are dealing with right at this moment is a signal from senator mccain that they are not going to cooperate with the second administration of barack obama, that they are going to stall out all of his nominations. this is their warning shot that they are going to filibuster her appointment and perhaps anybody else's. i think that's what it is. and here is the intelligence committee member. >> again, i'm really confused. the only point in contention really is whether or not this attack emerged from a protest and as soon as the information became clearer and it did take some time for that to happen, then that was perfectly clarified. there is absolutely -- it's inconceivable to me for anybody to speculate there would be a deliberate misleading of the american people. why would there be? it's perfectly inconsequential al. there was a spontaneous demonstration and the terrorist groups organize niced to take tunistic advantage of it or not. in any case, there is no advantage to mislead the american people in that regard. i mean you have to have motivati
the biggest challenge facing these guys across the street right now, particularly republicans in the house, is between now and christmas. as president obama said friday, that would give added% of americans, anybody making to under thousand dollars a year tax cut. are republicans going to allow the 98% of americans to take a tax cut or will they hold them hostage and get a continued tax cut for that 2%? this is a very clear issue and the first challenge for john boehner. 90% vs. 2%. he is -- they have sided with 2%. can he get them to give 90% of americans a tax break? if not, the republican party is in more trouble. >> ami sheree this order -- editorial saying that the republicans have no foothold in -- and little room to negotiate and the president will drive a bargain. >> it would have to say this. republicans are not dealing from strength. they were in 2010 when they elected 63 tea party freshman and i could block or pass anything they wanted. john boehner was to admit that they do not win and if they do not when you are not dealing with a position of strength. president ob
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